In January 1, 2020, it was decided that the following assets comprising the PPE of Company A are to be measured using
revaluation model.
Building
Equipment
Land
Accumulated
Cost
EUL Replacement Cost
Depreciation
5,000,000
1,500,000
10
8,400,000
6,000,000
2,500,000
12
6,300,000
13,250,000
14,200,000
Determine the amount to be reported as revaluation surplus in the statement of financial position as of December 31, 2021.
? 3,140,000
? 3,505,000
? 2,775,000
? 2,102,500